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If approved before 1:00 p.m. CT Monday – Friday†
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Online payday loan alternatives from CashNetUSA.
When people are in a pinch for a cash advance, they may look to payday loans to address their needs. CashNetUSA doesn’t offer payday loans, but we do offer lines of credit and installment loans. In some instances, these products provide similar funding amounts to payday loans but offer greater flexibility. With our line of credit, you receive access to a set amount of funds that you can access as needed. With our installment loan, you receive a one-time lump sum that you repay gradually over time. To learn if our funding options are available in your state, check out our Rates & Terms page.
How do payday loans compare with installment loans?
Payday loans and installment loans are similar in that they are both term loans. You receive a lump sum of money from a lender and repay it over a specific period of time, known as the “loan term.” Payday loans are short-term loans, generally repaid on the customer’s next payday. Installment loans can be used as short-term loans, but typically have much longer repayment periods. View the table below for other ways these two funding products compare.
How do payday loans compare with lines of credit?
Lines of credit are another type of funding that people use when they need fast funding. Unlike a term loan, lines of credit are a form of “open-end” credit. Open-end (or “revolving”) credit means that as you repay, the money becomes available to borrow again. This way you don’t need to reapply for funds — you can access more right from your account. View the table below for other ways these products compare.
What sets us apart.
We understand how crucial it is to get the money you need, fast. You can get an immediate decision* and funds as soon as the same business day if approved before 1:00 p.m. CT on a weekday.†
Alternative Credit Check
Everyone deserves access to credit, even if their credit score is less-than-perfect.* That's why we base our eligibility decision on your overall financial picture — not just your credit score.
The safety of your personal information is our top concern. We hold ourselves to the strict data security protocols to keep your information safe and secure from any potential threats.
We're with you every step of the application and funding process. You can call and talk to a real person seven days a week if you have any questions.
We're part of the publicly-listed company Enova, NYSE:ENVA. Since 2004, we’ve helped more than 4 million people get their finances back on track.
Learn more about payday loans and payday loan alternatives.
Online payday loans are short-term, small-principal loans that you can apply for using your mobile device or computer. They’re often used to take care of surprise expenses and repaid upon a borrower’s next payday. CashNetUSA offers alternatives to payday loans in the form of lines of credit and installment loans. For more information about what is available in your state, visit our Rates & Terms page.
The "best" online payday loans are those that are best for the individual person. But what some people may not realize is the best loan for them may not be a payday loan — or even (technically) a “loan” at all!
Depending on your funding need, CashNetUSA’s lines of credit and installment loans can act as great payday loan alternatives to cover the same expenses as payday loans, while allowing more flexibility and/or a longer time to repay. So when searching for the "best online payday loans,” you should consider the funding type and repayment structure that works best for you.
CashNetUSA currently operates in 13 states: Alabama, Delaware, Idaho, Kansas, Louisiana, Mississippi, Missouri, New Mexico, South Carolina, Tennessee, Texas, Utah and Wisconsin.
In order to be eligible to apply with CashNetUSA, you must:
- Be 18 years of age or older (19 in AL and DE; 21 in MS)
- Receive a verifiable, steady source of income
- Have an active checking account
- Be a U.S. citizen or permanent resident
Depending on where you live, you may not be eligible to apply with CashNetUSA. Check out our Rates & Terms page to learn which products (if any) are available in your state.
Although CashNetUSA doesn't offer "bad credit payday loans," our custom alternative credit check process looks beyond your traditional credit score. So, we're sometimes able to approve applications from people who have less-than-perfect credit scores.*
A payday loan is a form of personal loan. However personal loans commonly refer to installment loans. The main differences between payday loans and installment loans are the repayment periods and loan amounts. Normally, payday loans are issued for smaller dollar amounts than installment loans and are repaid within a few weeks.
Installment loans, on the other hand, can be issued for larger amounts of money than payday loans, depending on the borrower, location and lender. The loan repayment term for an installment loan is also typically longer, which can range from a few months to a few years.
At CashNetUSA, we strive to provide a fast and hassle-free funding process. Customers are generally funded the same day if they apply and receive approval before 1:00 p.m. CT Monday – Friday. Applications approved other times are generally funded the next business day.† The exact timing of receipt of funds depends on the customer's banking institution.